Microsoft: Azure revenue for the quarter is $33.2 billion (+48%), $10 billion received from OpenAI
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Microsoft's cloud business is growing faster than expected, and most of the investment goes into chips that become obsolete quickly.
According to Microsoft's report, revenue for the quarter ended September 30 was $92.3 billion (+19%), operating income $45.9 billion (+21%), GAAP net income $36.6 billion (+32%) and earnings per share $4.92. Microsoft Cloud revenue was $63.9 billion (+30%) and Azure grew 48%; according to TechCrunch, the company disclosed Azure revenue in dollars for the first time — $33.2 billion. Commercial remaining performance obligations rose 73% to $677 billion. According to TechCrunch, revenue from commercial arrangements with OpenAI was $10 billion, about 11% of total revenue; Microsoft's stake in OpenAI fell from roughly 25% to 24%. According to the company's slides (as published by Investing.com), capital expenditures including finance leases were $45.2 billion (+30%), with about three-quarters going to short-lived assets — processors and GPUs.